We expect, although are not required, to seek an initial business combination with a target in the steel, metals and metal processing (“SMMP”) sector, given our officers’ and directors’ have significant experience in the SMMP sector.

(Note: Seaport Calibre Materials Acquisition Corp. priced its SPAC IPO on Oct. 27, 2021, in sync with the terms in its prospectus: 13 million units at $10 each to raise $130 million. Seaport Calibre Materials Acquisition Corp. downsized its SPAC IPO in an S-1/A filing dated Oct. 19, 2021, to 13 million units, down from 15 million units, at $10 each to raise $130 million.)